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EURCNH trade ideas

Rocket Booster In 3 Steps - Recap VideoInside this video, we look at the recap of the rocket booster strategy that you read about yesterday - So watch it to find out more about the rocket booster strategy and how powerful this strategy can help you - with your trading journey Watch it now and rocket booster this content to learn more, - Disclaimer: Trading is risky please learn risk management strategies, because you will lose money from trading whether you like it or not.
Education
by lubosi
🚀The 3 Reasons Why This Forex Pair Is Going Up🚀Now i have been talking about the rocket booster strategy for a long time and this is the strategy i used to find this forex pair which you can trade right now!! - This pair will blow up soon and so you need to get inside the rocket before it blasts off to space🚀 - So what is the rocket booster strategy? Step 1:Price has to be above the 50 MA Step 2:Price has to be above the 200 MA Step 3:Price has to gap up - These 3 reasons are very important for you to remember in order to use this power play wisley - Rocket boost this post to learn more. - Disclaimer:Trading is risky and so please learn risk management because wether you like it or not you will lose money in trading.Trade safe.
Long
by lubosi
EURCNHPast analysis : The EuroStoxx 50 index is up 0.39%, the FTSEurofirst 300 is stable and the Stoxx 600 gains 0.2%. The main European stock markets are moving without a clear trend at the start of Monday's session in a context of caution at the start of a week which will be marked by the highly anticipated US inflation figure and the mid-term elections in the United States. . = waiting for US data In Paris, the CAC 40 lost 0.02% to 6,414.94 points around 08:45 GMT. In London, the FTSE 100 lost 0.03% and in Frankfurt, the Dax advanced by 0.38%. Stock indices rose more than 2% on Friday on hopes of a relaxation of COVID-19 measures in China, but Chinese health officials on Saturday reaffirmed their commitment to a "zero COVID-19" strategy. dynamic". = continuation of coercive measures in China The Chinese indicators of the day confirmed the bad turn of the economy: exports and imports fell in October against all expectations under the effect of health restrictions, inflation and the rise in interest rates abroad. Chinese markets ended the day in positive territory, however, as investors continued to speculate on an easing of anti-COVID measures despite official denials. = economic slowdown in China The U.S. economy added more jobs than expected in September as the unemployment rate rose to 3.7% and average hourly wage growth slowed slightly year on year to 4.7% but accelerated to month-on-month, at 0.3. Luxury stocks, very dependent on the Chinese market, also stand out: Hermès, LVMH and Kering gained from 3.71% to 7.07%. The owner of Gucci also took advantage of information from the Wall Street Journal according to which discussions are underway for the possible takeover of the Tom Ford brand. = Luxury market in good health despite everything In the news of the results, Societe Generale (+ 2.55%) published quarterly performance above expectations thanks to its trading activities. JCDecaux shares jumped 14.34% as the outdoor advertising specialist reported quarterly revenue growth above expectations. The prospect of lasting monetary tightening in the United States continues to drive up Treasury yields. That of the ten takes more than four basis points to 4.171%. = speculation on the bond markets following potential rate increases In Europe, its German equivalent evolved at the end of the session towards 2.29%. Christine Lagarde and Luis de Guindos, the President and Vice-President of the European Central Bank respectively, underlined that the Frankfurt institution continued to give priority to slowing inflation in the euro zone to prevent it takes root. On the currency side, the euro rose 1.65% to 0.9912 dollars. The greenback fell 1.4% against a basket of benchmark currencies. = ECB rate hike outlook Now : Indicators indicating a trend reversal - Decreasing ADX - Decreasing Momentum (& little divergence) - RSI emerging from the overbought area
Short
by thefrenchsniper
EURCNH Possible 3R Sell at confluence areaAs we see on the chart, the pair is going to retest a very interesting confluence area - a bearish trend on daily and H4, mirror level broken and soon will be retested, bearish trendline with many touches, and also a possible break and retest of a bullish counter trendline. Also, we have a clear impulse and nice correction to the mirror level. Risk Management is the #1 rule, you can't control the market, but you can control your risk management. Stay calm and risk 1%.
EShort
by Yelli_trades
HOW TO TRADE LIKE THEM- BAREBACK Ok reaching pro level market psychology and price action is supreme. I’m able to quickly forecast a pair with out any tools Let’s look at what we see Bearish sale with a bullish channel Now psychology what this means is that a balance is taking place. The market need bull in the game for the bears to cont to sell so. We see the bulls buying up but the big players are waiting to sell. How do I know this...? Ok first look at the long drop with no pullbacks Now the one pullback made a doji candle with no bull follow up this shows that this was an area where the bears increased their size and some take profit was done. Thus this is a bears station so typically what we expect is a sell back down when price reach this area at least once. Now at the seller climax we don’t see an increase in candle size or width and a weak bullish response into the ranging channel this shows lack of interest in higher prices. So if this wasn’t true we would see a throwback of force a large bulls candle with several bulls candies at the top of automatic rally fighting the decline but we see price trading in a range at support and not resistance -thus range at support is bearish Now looking at the hills/ peaks we see 3 highs that are not far out the range this means the bull hadn’t been allowed to breakout, Also if we trendline these highs we see it leads right to the bears station where they sold each time the bulls reached them Now note the bears are presence here at all three peaks this mean they didn’t close their positions and have more selling in stored and on the 3rd high we see a evening star with a bear candle under its belly confirming the pattern Now let’s look at the lower channel of price Now we see wick forming at the low without an increase in price ! Meaning the wicks are not getting higher they are within its range thus this is due to bulls buying a moving average most likely the 50ma. Now we see this buy is becoming weaker as the ma is in the process of turning support to resistance. So what to expect ? We can expect the ma to break as support on the upcoming interaction. With right timing we can use the first bear pip swing as our target as a measured move Best Entry now or after a pullback on a higher time as this will be due to price crossing over the ma. As these pullback can be 100s of pips it may go into your entry but shouldn’t stop you with a stop made in reasons to the atr or miss the few hundred pip n wait for the bounce to finish HOW TO TRADE LIKE THEM - 👑
by Donajor8
1
ridethepig | EURCNH Market Commentary 2020.03.01Here we go for a round of important chart update on the FX, Commodity and Equity board... I do not subscribe to the idea of this being the start of the euro reserve currency rally which we were tracking earlier in the year that failed from the Coronavirus short-circuit, although it is certainly moving with speed. Remember we have month end flows in play now too and to put the 🍒 on top the virus still not under control. I am expecting further downside in euro as the outbreak continues to delay the recovery in trade for Europe, now it is crystal clear if it wasn't already that the EUR really holds the key to pandora's box for those wanting to play the reflationary trade. This has been delayed till later in 2020 via the deflationary shock from COVID-19. Tracking 1.05xx-1.04xx in EURUSD. On the CNH side, the PBOC intervention is notable: Advise selling rallies in Chinese Equities for now, the demand for currency will increase as long as the virus shows no signs of abating. I expect this cross to grind towards the 7.40 levels where it would be very attractive for those mid and long-term macro players to buy the dip into 2021. On the technical side, Strong resistance is found at 7.73 / 7.75, use this to sell into and target the support at 7.40 / 7.38. Thanks as usual for keeping your support coming with likes, comments, charts and etc!
Short
by ridethepig